27th October

GLOBAL Developments Bottomline: On one end of the world, focus was on the progress in US-China trade negotiations, which for now seems to be steering clear of issues like cyber theft, industrial subsidies, IP rights, state-owned enterprises and the like. Meanwhile, Brexit continues to drag on with no clear picture even as the Oct 31…

20th October

GLOBAL Developments Bottomline: The IMF, as expected, lowered its global growth forecast to 3% this year, the lowest since the 2008-09 financial crisis. Though the US-China trade tensions are projected to cumulatively reduce the level of global GDP by 0.8% by 2020, overall growth is expected to rise to 3.4% next year, supported by improvements…

13th October

GLOBAL Developments Bottomline: Ahead of the IMF-World Bank meetings this week, the new IMF chief called for finding a “lasting solution on trade” while stating that the ongoing trade conflicts could cost the global economy close to $700bn or 0.8% of output by 2020. There were bursts of optimism from Brexit hopes and the “Phase…

6th October

GLOBAL Developments Bottomline: The JP Morgan Global Composite Output Index fell to 51.2 in Sep, its joint-lowest reading since mid-2016, with the service sector still outperforming manufacturing. New order inflows increased at a slower pace as international trade flows continued to deteriorate, while job creation in the service sector was the weakest in 7 years.…